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Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Goldmoney Inc. is a Canada-based custodians and traders of precious metals. The Company also owns and operates businesses in jewelry manufacturing and property investment. The Company’s operations and principal activities are conducted through its two wholly owned business segments: a Goldmoney.com and Goldmoney Properties Limited. Goldmoney.com is an online platform that provides clients with access to their Holding to purchase and sell physical precious metals and arrange for their custody and storage. Goldmoney Properties Limited is a United Kingdom-based entity established to acquire long-life property assets with secure long-term income streams. It owns eight properties totaling 431,025 square feet (GIA). Goldmoney Properties Limited also owns a portfolio of freehold properties known as 'Clarendon Quarter' in Oxford, Oxfordshire, United Kingdom. This portfolio of mixed-use buildings occupies an approximately two-acre site in the heart of Oxford City Center.


TSX:XAU - Post by User

Bullboard Posts
Post by Oregonduckon May 25, 2015 4:08pm
245 Views
Post# 23762111

Sharks Tank

Sharks TankDon't get eaten alive. The early backers, IPO investors & the two founders are laughing all the way to the bank. The big tout is coming from the "Sell-Side" people who sold you the XAU shares as the greatest thing since slice bread. In the words of that blowhard millionaire, Kevin O'Leary, "HOW DO YOU MAKE MONEY !!??". UAX was formed from a dormant shell mining co. with no assets that was valued at only $0.075/share merging with a private Bitgold Company also owned by the same people. Bitgold is just a Proof-of-Concept company that is yet to be proven to ever make any money. XAU paid nearly $52 million for Goldmoney that is losing clients hand-over-fist & had lost over $900,000 in the y/e Dec. 31, 2014. Goldmoney was just like Bitgold when it discontinued its payment scheme. According to Forbes Mag., GoldMoney came under quite a lot of scrutiny and investigation related to the potential for using the system for various tax evasion, money laundering and criminal activity schemes, as was the case for E-Gold. Also, every transaction with GoldMoney would be exposed to the regulatory and tax requirements of the user’s home jurisdiction (for example, capital gains taxes for U.S. users). In 2012, due to the excessive regulatory complications, GoldMoney deactivated its user-to-user payment system. IMO, XAU is only for day traders.
Bullboard Posts